“Entrepreneurship is one of the ways we can develop Africa”: Tony Elumelu says to US officials at a virtual fireside chat

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Pulse-gh May 5, 2022 8:44 a.m.

“Entrepreneurship is one of the ways we can develop Africa”: Tony Elumelu says to US officials at a virtual fireside chat

During a virtual Fireside chat hosted by theUnited States Institute of Peace (USIP)and the Heritage Foundation on Building Entrepreneurship, Economic Opportunity and Peace in Africa, Elumelu explained that Africa's economic transformation lies in the hands of the young ones, young entrepreneurs.

According to him, “lt lies on our young entrepreneurs who have great ideas, energy and audacity and what and how they can contribute to the development of the African continent.” “I see in Africa today people more determined than I was in their age.

And that is an area we know we need to focus on.” Elumelu added that entrepreneurship, peace and conflict are linked one way or the other, and young people who are engaged in bettering their own lives and their communities will reject the lures of extremism and crime Addressing entrepreneurship, economic opportunity and peace in Africa, Elumelu advised the U.S.

to shift its focus from aid that inevitably encourages dependency to support for youth empowerment and institutions that allow teeming youths to be productive.

We set out to support 10,000; 1,000 every year, but through collaboration with like-minded partners, we have increased and achieved over 16,000 in seven years since we set up the entrepreneurship programme." Elumelu also pointed to the TEF’s partnership with Google as an excellent example of the relationships that can foster entrepreneurship among young Africans..

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